indianz.com your internet resource indianz.com on facebook indianz.com on twitter indianz.com on Google+ indianz.com on soundcloud
phone: 202 630 8439
Health Coverage for American Indians and Alaska Natives
Advertise on Indianz.Com
Home > News > Headlines
Print   Subscribe
Fiscal cliff measure includes tax provisions for Indian Country

Filed Under: Business | Politics
More on: 112th, economic development, employment, energy, taxation
     

H.R.8, the bill that averts the fiscal cliff, includes three tax provisions aimed at boosting employment and economic development in Indian Country.

The Indian Employment Tax Credit encourages businesses to hire tribal members and their spouses. It expired in December 2011 but Section 304 of the bill extends it until the end of this year and makes it retroactive to 2012.

Similarly, the Accelerated Depreciation Incentive helps businesses located on Indian lands. It expired in December 2011 but also received a two-year extension, until the end of this year, in Section 313 of the bill.

"Businesses locating or expanding in these areas benefit by accelerated depreciation of investment and by employment tax credits when employing tribal members or their spouses," the Oklahoma Department of Commerce said in describing the tax provisions.

A third provision affects a production credit for coal facilities that were placed in service in Indian Country before 2009. The credit ended January 1 but Section 406 extends it until January 2014.

Related Stories:
US averts fiscal cliff after Congress approves last minute deal (1/2)


Copyright © Indianz.Com
More headlines...
Stay Connected:
On Facebook

On Twitter

On Google+

On SoundCloud
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
Lakota Country Times: Students witness history at #NoDAPL camp (8/30)
Vi Waln: Media distorts peaceful nature of sacred #NoDAPL camp (8/30)
Tim Giago: Indian Country still suffering from boarding school era (8/30)
Mark Trahant: Congressional hopefuls debate on Fort Peck Nation (8/30)
Bill John Baker: Cherokee Nation invests in needs of communities (8/30)
Native Sun News: Ruling awaited in Indian Child Welfare Act case (8/30)
Clara Caufield: An appreciation for a modern-day 'Teeth Woman' (8/30)
Native Sun News Editorial: Lands were taken from our ancestors (8/30)
Mike Myers: Historic ties between the Haudenosaunee and Sioux (8/30)
Mark Anthony Rolo: Tribes remain at mercy of bad federal policies (8/30)
Congressional hopeful seeks debate on South Dakota reservation (8/30)
Federal judge stays off Ute Tribe sovereignty suit despite protest (8/30)
Defenders of the Water School opens at pipeline resistance camp (8/29)
Dave Archambault: Stopping the desecration of our Mother Earth (8/29)
Lakota Country Times: Resisters dispute emergency declaration (8/29)
Mark Trahant: State erects roadblock at peaceful #NoDAPL camp (8/29)
Latoya Lonelodge: Witnessing history at Camp of Sacred Stones (8/29)
Jon Eagle: Land remains sacred to the Standing Rock Sioux Tribe (8/29)
Albert Bender: Tribes join together at Camp of the Sacred Stones (8/29)
Steven Newcomb: Law of Christendom at play in #NoDAPL battle (8/29)
Arvol Looking Horse: Saving our Earth from energy development (8/29)
Senate Committee on Indian Affairs schedules hearing on 4 bills (8/29)
Quapaw Tribe hosts groundbreaking for meat processing facility (8/29)
Native Sun News: Youth learn about traditions with Native games (8/29)
Delphine Red Shirt: Taking control of teaching our own languages (8/29)
Denver American Horse: Veterans column in the Lakota language (8/29)
Johnny Rustywire: Native youth are curious about their heritage (8/29)
Opinion: Alaska enters a new era with tribes and land-into-trust (8/29)
Second switched at birth case uncovered at First Nation hospital (8/29)
Bishop Paiute Tribe urges patience after officer involved shooting (8/29)
Author in Virginia credits Powhatan Tribe with inventing barbecue (8/29)
Brian Fraser: Don't let tribes open casinos everywhere they want (8/29)
Trial slated to begin for death of Mohegan Tribe casino employee (8/29)
more headlines...

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Federal Register | Forum | Health | Humor | Indian Gaming | Indian Trust | Jack Abramoff Scandal | Jobs & Notices | Law | National | News | Opinion | Politics | Sports | Technology | World

Indianz.Com Terms of Service | Indianz.Com Privacy Policy
About Indianz.Com | Advertise on Indianz.Com

Indianz.Com is a product of Noble Savage Media, LLC and Ho-Chunk, Inc.